FBS Forex Review

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FBS GENERAL INFORMATION

■ Found: FBS was found in 2009

■ Headquarters: FBS Markets Inc. has offices in Cyprus

■ US Residents: FBS does not accept US traders –No-

■ Islamic Accounts: FBS provide Islamic Accounts (SWAP-Free) –Yes-

■ Regulated: FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC -331/17)

■ Web-Site Languages: FBS website supports many languages (English, Spanish, Russian, Portuguese, Arabic, Chinese, Korean, Indonesian and many other Asian Languages)

FBS TRADING INFO SUMMARY

■ Broker Type: ECN / STP

■ CFD Trading: -Yes-

■ Platforms: FBS-Traders which are actually a MetaTrader4 and a MetaTrader5

■ Trading Time Zone: GMT+3

■ Demo Account: FBS is providing a Demo Account –Yes-

■ Typical Spread EUR/USD: 1.0 pips (no commissions)

■ Leverage: Leverage at FBS is up to 1:1000

■ Scalping /Hedging: are allowed at FBS –Yes-

■ Bonus Policy: FBS offers 60% deposit bonus for all new clients

■ Minimum Account: $1 (Cent Account) to $500 (Standard Account)

► Visit the FBS Website

 

FOREX ASSET INDEX

□ FBS is providing 28 popular Forex Currencies (Check Forex assets table below -Spreads & Commissions section).

□ Commodities and Stocks via Futures and CFD contracts

□ Gold and Silver on Spot

 

SPREADS, COMMISSIONS & LEVERAGE

The following slider includes spreads and Swap charges for the Unlimited Account type (Immediate orders offset into Currenex ECN system).

	Minimum Spread	Typical Spread	Swap Long	Swap Short
AUDCAD	0.2	3.3	0,51	-0,52
AUDCHF	0.2	2.9	0,77	-0,65
AUDNZD	0.2	5.0	0,07	-0,02
AUDJPY	0.2	2.0	0,72	-0,71
AUDUSD	0.2	1.4	0,65	-0,6
CADCHF	0.2	3.0	0,15	-0,31
CADJPY	0.2	2.5	0,14	-0,32
CHFJPY	0.2	2.1	-0,18	-0,02
EURAUD	0.2	2.6	-1,01	1,1
EURCAD	0.2	4.3	-0,42	0,1
EURCHF	0.2	2.5	0	-0,2
EURGBP	0.2	1.9	0,07	-0,01
EURJPY	0.2	2.3	-0,06	-0,12
EURNZD	0.2	5.5	-1,4	1,25
EURUSD	0.2	1.1	-0,08	-0,11
GBPAUD	0.2	3.4	-1,2	1,21
GBPCHF	0.2	5.0	0,12	-0,21
GBPCAD	0.2	5.8	-0,53	0,18
GBPJPY	0.2	2.8	-0,02	-0,21
GBPUSD	0.2	1.9	0,1	-0,15
NZDCAD	0.2	3.8	0,54	-0,53
NZDCHF	0.2	4.0	0,71	-0,64
NZDJPY	0.2	2.7	0,76	-0,86
NZDUSD	0.2	2.4	0,8	-0,54
USDCAD	0.2	2.0	-0,3	0,23
USDCHF	0.2	1.9	-0,04	-0,1
USDJPY	0.2	1.1	-0,09	-0,1
USDSGD	1	4	-0,02	-0,05
XAUUSD	10	30	-2,01	-1,32
XAGUSD	2	5	-1,56	-1,03

■ EUR/USD spread starts from 0.2 pips on Unlimited accounts

■ 2.0 pips EURUSD spread on Fixed-Spread Accounts

■ FBS charges no commissions

TRADING PLATFORM & MOBILE

 

FBS TRADING PLATFORM & MOBILE

■ FBS is offering MT4 and MT5

■ Scalping and Hedging are allowed at FBS.

■ Demo account is available at FBS

■ FBS offers a mobile version of Metatrader4 for iPhone, Android, and Windows Mobile

■ Trading server: GMT+3

 

NEW ACCOUNT INFORMATION

■ The minimum initial deposit required for opening an account on FBS is 1 USD.

■ Account Currencies: EUR, USD

TRADING ACCOUNT TYPES

Here are all the Account Types at FBS:

FBS Fund Methods:

■ Credit / Debit Cards

■ Bank Wire

■ MoneyBookers

■ WebMoney

■ Neteller

■ Western Union

■ MoneyGram

■ FasaPay

■ EgoPay

-Additional Fund methods are available

-No withdrawal fees are charged

 

 

FBS Review Conclusions:

FBS is an ECN /STP broker owned by FBS Markets Inc. FBS was founded in 2009 and has headquarters in Cyprus. The broker maintains also offices in many Asian countries (Indonesia, Malaysia, and China). FBS is regulated by Cyprus Securities and Exchange Commission (CySEC). The asset index contains 28 Forex pairs, CFDs, Futures, and Gold and Silver on spot. As concerns trading platforms, FBS offers only MT4 and MT5 desktop but also an MT4 mobile trader for all the popular mobile devices (Android, iOs, and Windows). Automated trading, scalping, and hedging are all allowed. The broker offers fair trading conditions. EURUSD spreads start from 0.2 pips but the typical EURUSD spread starts from 1.0 pips. FBS offers also Fixed spreads starting from 2.0 pips (2 pips for EURUSD and 3 pips for GBPUSD and USDJPY). The trading leverage can be up to 1000:1.

The minimum deposit to open an account is just $1 while an account may be held in EUR or USD. Many fund methods are available by FBS including Cards (Visa, MasterCard), WebMoney, Wire Transfers, MoneyBookers Skrill, WebMoney, MoneyGram, PerfectMoney, EgoPay, DixiPay, OKPay, and Neteller. FBS charges no deposit or withdrawal commissions. There are four main account types available (check the table above) but true ECN execution seems to appear only in the Unlimited Account type, as this account is linked to the Currenex ECN system. Regarding innovation, FBS provides a pretty unique deposit insurance system (a fee is paid for the broker to cover part of the potential loss). They also provide a number of contests and free tools. The Fx-Bazooka for example operates as an information center between Forex traders. Customer service is available 24/5 via Chat, Phone, Email, and Forum. The broker at the time of this review offers a 60% deposit bonus.

 

FBS REVIEW PROS & CONS (According to competition)

FBS REVIEW CONCLUSIONS
FBS PROS	FBS CONS
√ ECN Trading (Unlimited Account Type) √ Fair trading spreads √ 28 Forex Currencies plus Futures and CFDs √ Segregated Client Bank Accounts √ Automated Trading and Scalping √ Many Promotions including Demo Contest	X Regulation

► Visit the FBS Website

 

 

 

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